Ethereum Futures Long/Short Ratio
Track Ethereum perpetual futures long/short ratio across Binance, Bybit, OKX.
What is Long/Short Ratio for Ethereum?
The Ethereum long/short ratio compares the number of accounts holding long ETH perpetual futures positions with the number holding short positions, as reported by each exchange.
Sharpe shows the ETH ratio for Binance, Bybit, OKX, the venues that publish it.
How to read the Ethereum Long/Short Ratio chart
A ratio above 1 means more Ethereum accounts are long than short; below 1 means more are short.
The ratio counts accounts, not position size: one large short can outweigh many small longs. Use it as a read on retail crowding rather than net exposure.
Extremes are often read contrarian. A very high ETH ratio alongside high funding suggests crowded longs that are vulnerable to a flush.
Latest Ethereum Long/Short Ratio snapshot
| Exchange | Long | Short | Long/Short Ratio |
|---|---|---|---|
| Bybit | 72.3% | 27.7% | 2.61 |
| Binance | 72.0% | 28.0% | 2.58 |
| OKX | 69.7% | 30.3% | 2.30 |
| Session (UTC) | Bybit | Binance | OKX |
|---|---|---|---|
| 2026-10-24 | 73.0% | 76.9% | 72.8% |
| 2026-10-25 | 72.8% | 76.4% | 71.1% |
| 2026-10-26 | 73.1% | 77.2% | 72.2% |
| 2026-10-27 | 72.5% | 75.4% | 68.4% |
| 2026-10-28 | 73.0% | 76.1% | 69.9% |
| 2026-10-29 | 73.6% | 76.7% | 74.7% |
| 2026-10-30 | 74.4% | 74.4% | 73.7% |
| 2026-10-31 | 74.3% | 73.9% | 71.5% |
| 2026-11-01 | 73.3% | 72.0% | 68.0% |
| 2026-11-02 | 72.3% | 72.0% | 69.7% |
Data last updated
Ethereum Long/Short Ratio FAQ
What is a good Ethereum long/short ratio?
There is no neutral target. Compare the current ETH ratio with its own history and across venues; a move to an extreme is more informative than the level.
Does the Ethereum long/short ratio measure position size?
No. It counts accounts. Pair it with ETH open interest to see how much capital is behind the positioning.
Which exchanges publish the Ethereum long/short ratio?
This page shows the ETH ratio from Binance, Bybit, OKX. Venues that do not publish an account ratio are not included.
Global account long share across exchanges